Aquarium Inc uses the number of museum visits as its measure of activity. During May, the company budgeted for 4,040 museum visits, but its actual level of activity was 4,200 museum visits. Revenue is variable and is $25 per museum visit. Actual revenue for May was $108,000. The revenue variance for May would be closest to: OA. OB. OC. $3,000 unfavorable $3,000 favorable $7,000 unfavorable $7,000 favorable
Aquarium Inc uses the number of museum visits as its measure of activity. During May, the company budgeted for 4,040 museum visits, but its actual level of activity was 4,200 museum visits. Revenue is variable and is $25 per museum visit. Actual revenue for May was $108,000. The revenue variance for May would be closest to: OA. OB. OC. $3,000 unfavorable $3,000 favorable $7,000 unfavorable $7,000 favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Aquarium Inc uses the number of museum visits as its measure of activity. During May, the company budgeted
for 4,040 museum visits, but its actual level of activity was 4,200 museum visits. Revenue is variable and is $25
per museum visit. Actual revenue for May was $108,000. The revenue variance for May would be closest to:
A.
B.
OC.
D.
$3,000 unfavorable
$3,000 favorable
$7,000 unfavorable
$7,000 favorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F965efb7c-b675-4535-9a01-df6af522f78d%2F3ee5c8f9-9c7d-4d71-999f-bcc3bf8ba415%2Flvohvw_processed.png&w=3840&q=75)
Transcribed Image Text:Aquarium Inc uses the number of museum visits as its measure of activity. During May, the company budgeted
for 4,040 museum visits, but its actual level of activity was 4,200 museum visits. Revenue is variable and is $25
per museum visit. Actual revenue for May was $108,000. The revenue variance for May would be closest to:
A.
B.
OC.
D.
$3,000 unfavorable
$3,000 favorable
$7,000 unfavorable
$7,000 favorable
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education